Decision Making: Recent Developments and Worldwide Applications

Decision Making: Recent Developments and Worldwide Applications

Author: Stelios H. Zanakis

Publisher: Springer Science & Business Media

ISBN: 9781475749199

Category: Business & Economics

Page: 494

View: 143

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This chapter describes a study conducted at the Swinburne University of Technology in Australia, in their School of Business. The study was to explore the applicability of a judgment-analytic decision support system to the assessment of the likelihood of an applicant being selected for admission to the School's Graduate Certificate in Business Administration (GCBA) program. The likelihood of a program administrator selecting a particular applicant is directly linked to the assessment of the likelihood of that applicant's success in the GCBA program. The purpose of this study, in effect, was to analyze the administrative judgment process in assessment of an applicant's likelihood of success in the program. THE PROCESS OF HUMAN JUDGMENT Human judgment is a process through which an individual uses social infonnation to make decisions. The social infonnation is obtained from an individual's environment and is interpreted through the individual's cognitive image of the environment. The. cognitive image provides a representation of the environment based on past experiences and training, and essentially predisposes the person to respond to social infonnation in predictable ways. An individual's policies or beliefs about the environment represent these patterns. Human judgments are based then upon one's interpretation of available infonnation. They are probability statements about one's environment and how one reacts to it. This condition leads to the human judgment process being inherently limited. It is fundamentally a covert process. It is seldom possible for an individual to accurately describe his or her judgment process accurately.
Decision Making: Recent Developments and Worldwide Applications
Language: en
Pages: 494
Authors: Stelios H. Zanakis, Georgios Doukidis, Constantin Zopounidis
Categories: Business & Economics
Type: BOOK - Published: 2013-04-17 - Publisher: Springer Science & Business Media

This chapter describes a study conducted at the Swinburne University of Technology in Australia, in their School of Business. The study was to explore the applicability of a judgment-analytic decision support system to the assessment of the likelihood of an applicant being selected for admission to the School's Graduate Certificate
Multicriteria Decision Aid Classification Methods
Language: en
Pages: 256
Authors: Michael Doumpos, Constantin Zopounidis
Categories: Business & Economics
Type: BOOK - Published: 2006-04-18 - Publisher: Springer Science & Business Media

The book discusses a new approach to the classification problem following the decision support orientation of multicriteria decision aid. The book reviews the existing research on the development of classification methods, investigating the corresponding model development procedures, and providing a thorough analysis of their performance both in experimental situations and
Country Risk Evaluation
Language: en
Pages: 120
Authors: Kyriaki Kosmidou, Michael Doumpos, Constantin Zopounidis
Categories: Business & Economics
Type: BOOK - Published: 2010-07-25 - Publisher: Springer Science & Business Media

Financial globalization has increased the significance of methods used in the evaluation of country risk, one of the major research topics in economics and finance. Written by experts in the fields of multicriteria methodology, credit risk assessment, operations research, and financial management, this book develops a comprehensive framework for evaluating
Rough Sets and Current Trends in Computing
Language: en
Pages: 644
Authors: James J. Alpigini, James F. Peters, Andrzeij Skowron, Ning Zhong
Categories: Computers
Type: BOOK - Published: 2003-08-03 - Publisher: Springer

This volume contains the papers selected for presentation at the Third Inter- tional Conference on Rough Sets and Current Trends in Computing (RSCTC 2002) held at Penn State Great Valley, Malvern, Pennsylvania, U.S.A., 14–16 October 2002. Rough set theoryand its applications constitute a branch of soft computing that has exhibited
Rough Sets and Current Trends in Computing
Language: en
Pages: 860
Authors: Shusaku Tsumoto, Roman Slowiński, Jan Komorowski, Jerzy W. Grzymala-Busse
Categories: Computers
Type: BOOK - Published: 2004-05-21 - Publisher: Springer Science & Business Media

In recent years rough set theory has attracted the attention of many researchers and practitioners all over the world, who have contributed essentially to its development and applications. Weareobservingagrowingresearchinterestinthefoundationsofroughsets, including the various logical, mathematical and philosophical aspects of rough sets. Some relationships have already been established between rough sets and